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Fox and Kraehe on Abbott’s Business Advisory Council

BAC Members named as PM and Small Business Minister launch competition review to lift GDP

December 5, 2013

Prime Minister Tony Abbott has tapped two transport and logistics-linked identities amongst 12 making up his Business Advisory Council (BAC).

They are Linfox Executive Chairman Peter Fox and Brambles and BlueScope Chairman Graham Kraehe.

The council will meet three times a year with senior members of the Government.

The Council’s advice will help guide program and policies that are sympathetic to the needs of both small and large businesses in Australia.

The BAC was named as Abbott and Small Business Minister Bruce Billson announced the first “root and branch” review of competition laws and policy in 20 years

In an address to the Business Council of Australia 30th anniversary dinner in Sydney last night, Abbott noted the gains from the last such review, in 1993.

“Handled properly, better competition policy is a big micro-economic reform with the Hilmer changes, for instance, adding an estimated 2.5 per cent to Australia’s overall GDP,” he said.

“This new review is designed to ensure that businesses big and small are competing on a genuinely level playing field because fierce but fair competition will give every business the best chance to succeed and give every customer the best chance of a good price.”

Others joining BAC Chairman Maurice Newman include:

Gary Banks, Dean and CEO of the Australia and New Zealand School of Government

Michael Chaney, Chairman, National Australia Bank and Chancellor of the University of Western Australia

Daniel Grollo, CEO, Grocon.

John Hart, CEO, Restaurant and Catering Australia.

Barry Irvin, Chairman, Bega Cheese.

Solomon Lew – Chairman and Non-Executive Director, Premier Investments.

Catherine Livingstone, Chairman, Telstra.

Jac Nasser, Chairman, BHP Billiton.

Jane Wilson, Director and former Chairman of of companies across the health, biotechnology, agriculture and energy sectors.

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